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The mFund Settlement Service is a world-leading innovation that allows you to invest in unlisted managed funds, like the Smarter Money funds, using a simple and convenient approach.

The service uses CHESS, the ASX’s electronic settlement system, to automate and track the process of buying (applying for) and selling (redeeming) units in managed funds.

Investors’ holdings in these funds (‘mFunds holdings’) are held electronically and linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX, such as shares.

Smarter Money mFund products

Fund Name

mFund Code

Smarter Money Active Cash

SMF01

Smarter Money Higher Income

SMF02

What is an mFund product?
An mFund product is an unlisted managed fund, like the Smarter Money funds, available to investors/advisers through the mFund Settlement Service. The ASX rule framework supports the mFund Settlement Service by ensuring all parties, including stockbrokers, issuers and unit registrars are accountable for their roles and responsibilities.

Diversification
A diversified portfolio can reduce the level of investment risk by minimising the impact of poor performance by a particular industry or industry sector.

Potential wealth generation and wealth preservation
A well-chosen managed fund, used individually or in conjunction with other investments, can create a portfolio to assist your efforts to generate and protect your wealth.

Cost-effective investment
Investing in a managed fund is as affordable as investing in direct securities. You can start investing with a relatively small amount, adding to it cost effectively over time.

Access to a range of assets through specialised funds
Managed fund products can provide access to assets that may assist with portfolio diversification. These are assets in which individual investors may not normally be able to invest, due to financial limitations and restricted access to markets, research, information or insight to performance.

What are the benefits of the mFund Settlement Service?
Efficiency, convenience, transparency and speed.

You don’t need to complete application forms when buying new units, or selling units in an unlisted managed fund product through the mFund Service, saving you time and effort.

You can access mFund products through your existing stockbroker, adviser.

You receive the same high level settlement certainty enjoyed with shares, whilst gaining a holistic view of other investments held through ASX under a single CHESS HIN.

The mFund website (www.mfund.com.au) provides timely access to a wide range of information about managed funds, including unit prices and related announcements.

All application (buy) and redemption (sell) orders, ownership and payment transaction details are managed through CHESS and identified using the investor’s HIN. This ensures that settlement is fast and certain, makes it easy for all parties to keep track of transaction details, and reduces the risk of data entry mistakes and other common errors.

The information on this web page has been prepared by Smarter Money Investments Pty Limited (ACN 153 555 867), which is authorised representative #000414337 of Coolabah Capital Institutional Investments Pty Ltd that holds Australian Financial Services Licence No. 482238 and authorised representative #414337 of ExchangeIQ Advisory Group Pty Limited that holds Australian Financial Services Licence No. 255016. It is general information only and is not intended to provide you with financial advice. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Read our Financial Services Guide as required by the Australian Securities and Investments Commission.